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BANKRUPTCY IN SPRUCE GROVE, ALBERTA

Considering declaring bankruptcy in Spruce Grove? Start by turning to the trusted professionals at your local MNP LTD. to uncover the many options you may have. Every year, we help thousands of Canadians find trusted solutions for their financial problems, and we can help you too.

When you turn to your local MNP LTD. office in Spruce Grove, you'll discover a staff of dedicated, skilled and experienced professionals from the same community as you. Don't let having debt encompass your life. Call us today and get back on track.

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Should you be looking into other debt solutions?

Bankruptcy is an entirely legal process and can be effective in reducing the majority of your debt. It is regulated by the Bankruptcy and Insolvency Act. The first and most important step is to contact your MNP LTD. Licensed Insolvency Trustee, who will present you with all of your financial options based on the assessment of your current debt situation. Many times, after hearing of other options available, people have realized declaring bankruptcy wasn't their best choice.

To determine the best course of action, think about your current financial situation.

  • Spending more than you earn?
  • Facing legal action, such as garnishment?
  • Using credit cards for necessities?
  • At risk of losing credit card privileges?
  • Receiving harassing collection letters or phone calls?
  • Stressed out due to financial problems?

If this sounds like you and you are experiencing some or all of the above, contact us today.

Personal Insolvency Counselling

MNP offers permanent life-changing debt solutions to individuals struggling with an overwhelming amount of debt. Our trustees are here to help.

Get Started Now!

Call us today at 587-401-3499 or fill out our form to get a free consultation!

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We offer the most effective solution for your situation

Consumer Proposal

A consumer proposal allows you to make arrangements to pay some or all of your unsecured debts through monthly payments over a specified period of time (up to a maximum of 5 years).

Informal Debt Settlement

Depending on the amount of debt you have, it may be possible for you to contact your creditors directly and negotiate a lower interest rate or a repayment schedule that works for you.

Debt Consolidation

Debt consolidation gathers your debt into a single monthly repayment so that you can repay multiple creditors through one monthly payment.

Orderly Payment of Debt

With the Orderly Payment of Debt (OPD) program, the court will merge your loans and pay — in three or more years — your unsecured debt on your behalf at a 5% yearly interest rate.

When many people experience debt problems often, their first thoughts are declaring bankruptcy. There are of course many alternatives that may be more suitable for your situation. Together, we can work out a solution that's best for you.

Learn more about declaring bankruptcy and other debt solutions today -- simply give us a call at 587-401-3499 or submit an online form to receive a FREE and confidential consultation.